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The high season has returned to the fastener industry with gradual recovery from the stagnant production lines. The lead time has been shortened from the original 2 months to the current half-a-month, which is favorable to major fastener manufacturers like Tycoons and Chun Yu.

 

Taiwan-based CSC pointed, though the entire steel industry is not in a very good condition, the demand for various wire rods is still high, exceeding the expected amount of orders in Q3. Plus, the fastener market is flourishing with increased orders, making the supply of wire rods unable to meet the demand in time. On the other hand, the previous shutdown of plating factories due to the government’s clampdown resulted in 2 to 3 months of delay in deliveries, though which has been greatly improved to be “half a month of delay in deliveries”. More and more foreign customers placed their orders in advance, causing the rising orders for fasteners this time. The artificial person analyzes that last year the values of fastener export and production of Taiwan reached record highs and almost all big fastener manufacturers saw the increase by 10-20%. Take Tycoons as example, its sale last year was NTD3.12 billion, up nearly 17% compared to 2012, demonstrating lively activities in production and sales. 

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